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Which of the following are the shoe-leather costs of inflation? Due to high infl...

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Which of the following are the shoe-leather costs of inflation? Due to high inflation...

businesses spend resources to update their prices.

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businesses spend resources to track the changes in prices.

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lenders receive lower real returns.

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people make more frequent trips to the bank or ATM to withdraw smaller amounts of money.

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governments collect more taxes as nominal incomes increase.

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